Enthusiasts of cryptocurrency are recognized for their active participation in a diverse range of gambling activities. Whether it be placing bets on trending memecoins or speculating on regulatory verdicts such as the approval of a Bitcoin ETF, the crypto community frequently partakes in high-risk wagers. An illustration of this is evident on January 11, when individuals utilizing the Polymarket platform collectively wagered a staggering $12 million on the potential outcome of spot Bitcoin ETF approvals.